Stocks opened lower Monday amid heightened concerns that Greece is not doing enough to avoid default grow and as European banks hit their lowest level since March 2009.
A portfolio manager who paid a total of $5.3 billion for two dinners with Warren Buffett has just been hired to help pick stocks at Berkshire Hathaway.
Bank of America could be forced to spin-off Merrill Lynch, the company's most profitable unit. As BofA faces mortgage putback risk and several lawsuits, it is poorly-positioned to comply with Basel III requirements, and the Fed's request for contingency capital plans sheds light on a possible spin-off.
"Either Moynihan lied a few days about about Bank of America's need for capital or he's plan stupid for doing the deal," the famed strategist said of the BofA CEO.
As stocks closed near session lows Thursday, the "Fast Money" traders found themselves talking about these market movers.
Now that Warren Buffett has “saved” Bank of America, find out if Cramer thinks it’s a buy.
The euphoria that greeted Warren Buffett’s $5 billion investment in Bank of America Thursday has subsided as this day has worn on, but the boost in confidence brought on by having the world’s best known investor step into the weakest of the U.S. big banks is still being felt, if only modestly.
Stocks closed near session lows Thursday, reversing three days of gains, as investors remained cautious ahead of Bernanke's Jackson Hole speech on Friday.
Although Tim Cook will have big shoes to fill as he assumes the CEO position that Steve Jobs vacates, Apple investors should not fear the change in leadership, according to a report from TheStreet.
As I predicted yesterday, the news that Bank of America is selling a stake to an outside investor is sending the stock through the roof.
Warren Buffett tells CNBC's Becky Quick "this isn't 2008" and that's why Bank of America is getting better terms for its $5 billion loan today from Berkshire Hathaway, compared to what General Electric and Goldman Sachs paid for similar loans almost three years ago at the height of the credit crisis.
Futures turned positive Thursday, as Berkshire Hathaway said it will invest $5 billion in Bank of America. Futures had been under pressure all morning after weekly jobless claims gained more than expected and following news that Apple CEO Steve Jobs announced his resignment.
Warren Buffett's bet on a Chinese electric car maker has been coming back to earth, dropping about $2 billion in value from its peak of almost $2.5 billion in October of 2009. It's not, however, a total loss. Berkshire Hathaway's 10 percent stake in BYD is still worth around $460 million, double the $230 million it paid in September, 2008. Could Buffett go all-in?
The strong debate sparked by Warren Buffett's call one week ago for higher tax rates on the "super-rich" continued through the weekend. Here are some samples from around the country.
Warren Buffett has been accused by conservatives of waging "class warfare" and using "intellectual tax dodges" with his "Stop Coddling the Super-Rich" call for higher tax rates on incomes over a million dollars a year. One TV host asked if he is a "complete socialist." Now, the Daily Show's Jon Stewart is taking on Buffett's conservative critics.
The creator of the Laffer Curve called Warren Buffett a hypocrite for urging lawmakers to raise taxes on the super-rich to cut the budget deficit. "The hypocrisy of Warren Buffett is unfathomable."
Warren Buffett spoke with broadcast journalist Charlie Rose for one hour on his PBS and Bloomberg television interview program that aired on Monday, August 15, 2011. Leading the conversation: Buffett's controversial call for Congress to stop "coddling" the super-rich and raise tax rates for the wealthiest Americans. This is a transcript of the entire program, courtesy the Charlie Rose program.
Warren Buffett has said, almost yelled, 'Tax the Super-Rich!' many times over the past few years. But his latest New York Times op-ed headlined Stop Coddling the Super-Rich appears to have hit a "nerve," as Reuters puts it, with Washington gearing up for another debate on how to cut the nation's deficit. It's getting a strong reaction on the campaign trail and elsewhere.
Warren Buffett's Berkshire Hathaway added a new stake in Dollar General during the second quarter. At just $48 million, however, the relatively small size of the stake indicates Buffett himself did not pull the 'buy' trigger.
When Warren Buffett says he and his "super-rich" friends should be paying more in taxes, a call he's made many times over the years, there's often this response from opponents of any tax increases: 'If you think you should be paying more in taxes, why don't you send a billion or two (or more) to Washington on your own?'